For the first time in eight weeks, the price of diesel will roll back this week, a reprieve to motorists after two months of continuous increases. Effective Tuesday, Oct. 21, diesel will see a ₱0.70 per liter rollback, while kerosene is set to go down by ₱0.60 per liter. This marks the first...
Motorists have faced weekly price hikes at the gas pumps, but next week may finally bring some long-awaited relief. Based on the four-day trading average of Mean of Platts Singapore (MOPS), diesel prices could see their first rollback in two months, ranging from ₱0.60 to ₱1.10 per liter....
Motorists could see relief at the pump next week, as rising oil supply is set to push fuel prices down. Based on the four-day Mean of Platts Singapore (MOPS) and the foreign exchange average, gasoline may see a potential decline of ₱0.25 to ₱0.60 per liter, while diesel could see a ₱1.25 to...
Global supply concerns, including an unexpected drop in United States (US) crude inventories and the lingering effects of sanctions on Russia, are set to drive up diesel and kerosene prices next week, while gasoline costs may see a modest decrease. Based on the four-day Mean of Platts Singapore...
Pump prices are expected to drop next week, by as much as one peso for gasoline, as benchmark oil prices decline with the easing of tension in the Middle East, as well as prospects of higher output from the Organization of Petroleum Exporting Countries (OPEC) cartel. According to Director Rino E....
After a week marked by two phases of price increases, motorists can finally expect a reprieve at the pump as oil prices are set to drop in the first week of July. Effective Tuesday, July 1, the price of gasoline will decrease by ₱1.40 per liter, while diesel will decrease by ₱1.80 per liter....
NEW YORK — If oil prices are any measure, Iran just flinched. The price of oil tumbled Monday afternoon in an historical move as traders bet that Iran’s decision to bomb a U.S. base in Qatar signals it is not planning to do the one thing that could really hurt America: Shut down the flow of oil...
Mixed price movements in the gas pumps are expected in the first week of June. Based on the four-day Mean of Platts Singapore (MOPS), gasoline prices may either retain their current price or increase by up to ₱0.40 per liter. Diesel, on the other hand, is seeing an uncertain adjustment, as it...
Motorists are in for another break as fuel prices are slated to decrease again this midterm election week. Starting Tuesday, May 13, the price of gasoline will go down by ₱0.30 per liter, diesel by ₱0.90 per liter, and kerosene by ₱1.25 per liter. Shell Pilipinas and Seaoil are among the oil...
The streak of oil price rollbacks is going steady for the third straight week. Effective Tuesday, March 18, diesel prices will decrease by ₱0.20 per liter, while kerosene will have a drop of ₱0.40 per liter. Gasoline prices, meanwhile, remain unchanged. These price slashes were announced by...
Motorists can finally breathe a sigh of relief with the year's first fuel price rollback. Effective Tuesday, Jan. 28, gasoline prices will decrease by P0.80 per liter, diesel by P0.20, and kerosene by P0.50. Several oil companies, including Shell Pilipinas, Seaoil, and CleanFuel, have already...
Following weeks of rises, fuel prices are expected to decrease by the end of January; yet, this will not sufficiently offset the recent surges in cost. Based on the four-day trading Means of Platts Singapore (MOPS), along with the forex average and recent activities in the global market, gasoline...
